By Editors of Power Engineering
Developers announced the sale and construction of the third phase of the Mount Signal Solar Farm, which will add 328 MW to the 800MW project near Calexico, California.
Capital Dynamics purchased Mount Signal 3’s equity interests from 8minutenergy, who will continue to be the project developer. Terms of the transaction were not disclosed.
8minutenergy began development of Mount Signal 3 in 2011, and signed a power purchase agreement with Southern California Edison. First Solar will provide 2.8 million Series 4 solar panels, with operations expected to begin by the end of 2018.
“As the original developer of the Mount Signal Solar Farm, we successfully built the 260 MW-dc Mount Signal 1 project, and brought it online in 2013. We are thrilled to bring Mount Signal 3 to fruition, which is the largest in 8minutenergy’s history,” said Martin Hermann, 8minutenergy CEO and founder. “It’s our mission to deliver abundant and affordable clean energy, and we are certainly doing that with Mount Signal 3. Through our rigorous project development approach, we are going to once again be delivering solar power at cost-competitive rates to fossil fuels.”